Asian stocks were mixed on Wednesday after U.S. President Donald Trump's latest comments on tariffs raised uncertainty in Chinese markets. U.S. futures edged higher and oil prices declined. Investors in Asia were relieved on Monday after Trump decided not to immediately impose significant tariffs on China.

Stock Market LIVE Updates | On Wednesday, benchmark indices bounced back amid increased volatility after a major private bank reported better-than-expected results.

Asian shares are mixed in mostly muted trading, despite anticipation for a market reaction to the inauguration of U.S. President Donald Trump.

SLB helped lead the market after the provider oilfield services delivered bigger profit and revenues for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.

Stock markets in the Asia-Pacific region have moved higher after President Donald Trump outlined a pro-business agenda for his second term in the White House and stopped short of imposing new trade tariffs on his first day in office.

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies.